Despite strong evidence that social protection is a key driver of inclusive socioeconomic development, countries in Asia and the Pacific on average only spend 8.2% of gross domestic product (GDP) on social protection.
These measures underscore the critical role of social protection in maintaining economic stability during shocks and crises.
By recognizing social protection as an essential investment, governments can build the necessary fiscal space to support these critical systems.
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Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.